| MJ latest price $20.5000 (1.94%) ($20.2500 - $20.8300) on Tue. May. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 46 |
Latest Price | $20.5000(1.94%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(74%) IWO(74%) IWC(72%) IWM(72%) ARKK(71%) |
Factors Impacting MJ price | MJ will decline at least -1.3% in a week (0% probabilities). VIXM(-54%) VXX(-43%) UUP(-30%) TLT(-15%) UNG(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.3% (StdDev 2.6%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.1% |
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